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    Daily analysis of Silver for March 30, 2016 2016-03-30

    SILVERH4.png

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    Overview

    The silver price bounced clearly to the upside yesterday after an attempt to break the bullish channel's support seen in the image, thus keeping the bullish trend scenario valid for the upcoming period, which is conditioned by holding above 15.15 levels. The price is likely to test the 15.70 level as the next main station. It might lead to a new attempt to break the bullish channel's support. A breach of the 15.70 level will extend the silver price's gains to 16.35.

    The expected trading range for today is between the 15.00 support and the 15.70 resistance.


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